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Malaysian Petronas implements two gas processing projects in Uzbekistan
"We have agreed with the largest Petronas company in the field of oil and chemicals to implement two major projects. The first is based on the technology of MTO (methanol into olefins and its derivatives) deep processing of our gas and the production of polymers from gas. The second is the production of "green" ammonia from gas. There is a growing demand for green fertilizers in the United States and European countries, so this is a very important project for our economy in terms of exports," he said.
Malaysian Prime Minister Anwar Ibrahim paid an official visit to the country on May 17-19 at the invitation of Uzbek President Shavkat Mirziyoyev. This was the first visit of the head of Malaysia to Uzbekistan in the last 16 years.
In a joint statement, the heads of state welcomed the potential participation of Petronas in the training of personnel in the oil and gas sector.
In mid-2013, the Malaysian company informed Uzbekistan has announced its decision to withdraw from the production sharing agreement (PSA) for the exploration and development of deposits of the Baisun investment block in the Surkhandarya region (the project is currently being implemented by Surhan Gas Chemical Operating Company) and PSA for the development of the Urga, Kuanysh and Akchalak deposits of the Ustyurt region. In 2014, the company closed its representative office in Uzbekistan
In 2009, the company entered into a project to build a synthetic fuel production plant (Uzbekistan GTL), but in June 2011 it reduced its share in The joint venture increased from 33.3% to 11%, and then, together with other investors, withdrew from the project due to economic inexpediency.
